Tracey Davies,Director Of Non-Profit Activist Just Share,

[SOURCE, MONEYWEB] The FirstRand board spent most of its 90-minute annual general meeting on Wednesday trying to defend its “Covid-19 instrument”, which was designed to shelter its top executives from the adverse impact of the pandemic on the value of their long-term incentives.

The majority of shareholders were not persuaded, with a hefty 56.68% voting against the remuneration implementation report.